China will implement more proactive policies in 2026 aimed at supporting long-term growth, with its economy expected to meet Beijing’s growth target of about 5% this year, state media reported ​, as President Xi Jinping said on Wednesday (December 31, 2025). “Our ⁠country’s economy is expected to move forward under pressure...showing strong resilience and vitality,” Mr. Xi said in his speech. Also Read | India’s trade deficit with China may reach $106 billion in 2025: GTRIThe ​country will promote ⁠effective qualitative improvement and reasonable quantitative growth in the economy, Mr. Xi said, while maintaining social harmony and stability. Mr. Xi’s message reinforces recent government pledges ‍to roll out measures for boosting people’s incomes and supporting consumption and investment to drive growth. The central government has allocated 62.5 billion yuan from special treasury bond proceeds to local governments to fund the consumer goods trade-in scheme next year, confirming that Beijing would continue ⁠to spur household demand through the programme.

Source: The Hindu December 31, 2025 08:24 UTC